缩量，今日市场情绪指数来了

Market Overview - The three major A-share indices showed mixed performance, with the Shanghai Composite Index exhibiting a "high open and low close" characteristic, while the ChiNext Index was the only one to close higher among the three indices [4] - A total of 277 stocks rose, indicating a broad market decline despite some sectors performing well [4] Trading Volume - The trading volume in the two markets decreased significantly, down approximately 510.9 billion yuan compared to the previous trading day, reflecting a decline in market activity and a strong wait-and-see sentiment among investors [5] Capital Flow - There was a clear risk-averse characteristic in institutional capital, with major funds withdrawing from high-valuation technology sectors and moving into undervalued defensive sectors [7] - Northbound funds significantly reduced holdings in semiconductor and AI chip sectors, while showing slight inflows into gold and banking sectors [7] - Retail investors maintained high leverage levels, indicating a defensive stance, with enthusiasm for market participation remaining relatively unchanged [7] Investor Sentiment - Retail investor sentiment showed a mixed picture, with a notable percentage of investors either increasing or decreasing their positions, reflecting uncertainty in market direction [12][15]